Early exploration has pinned down the priority target at Mamba’s Black Hills project just 30km northeast of the groundbreaking Julimar project.

Detailed modelling of electromagnetic and detailed 3D inversion modelling of the magnetic data has highlighted a conductive and magnetic anomaly that extends for about 750m northeast to southwest and extends to a depth of around 400m.

This is also associated with a mapped mafic/ultramafic intrusive feature at the northern end of a +6km long platinum group element (PGE) trend.

Mamba Exploration (ASX:M24) will drill three reverse circulation holes to test the anomaly before the end of this year.

Managing director Mike Dunbar added that it was pleasing to secure Mckay Drilling, one of the most experienced RC drilling companies, to undertake the drilling.

“The use of a large RC drilling rig allows all three holes to be completed and samples submitted to the laboratory before the end of the year, when traditional diamond drilling wouldn’t,” he noted.

Besides its proximity to Chalice Mining’s (ASX:CHN) Julimar PGE-nickel-copper-cobalt project, Black Hills also features historical sampling, drilling and workings that lend further credence to its potential to host PGE-nickel-copper mineralisation.




This article was developed in collaboration with Mamba Exploration, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.